Cattle Prices Fall on Mad-Cow Ruling

Lifting of Court Injunction
Has U.S. Industry Awaiting
Imports of Canadian Steers

By

Jim Cote Dow Jones Newswires

Updated July 18, 2005 12:01 a.m. ET

Most cattle futures registered sharp declines Friday following an appellate-court ruling Thursday that overturned a March injunction that had blocked a plan to import live Canadian cattle younger than 30 months into the U.S.

Canadian live cattle have been banned from the U.S. since May 2003 after a cow in Alberta was found to have mad-cow...